| Hi I am Prakash and I have a property in Amritsar, Punjab. I want to own the asset as to loan it and use the amount to expand my business. Does Hinduja Leyland Finance owned by Hinduja Brothers offer Loan Against Property? |
|---|
Yes, you can get a Loan Against Property (LAP) from HLF owned by the Hinduja Brothers. HLF offers loans up to ₹1 crore with interest rates starting around 13.50% per annum and tenure up to 25 years. The loan is available to both salaried and self-employed individuals, with minimum income requirements of ₹10,000 per month for salaried applicants and ₹1.2 lakh per year for self-employed applicants. Eligibility typically includes an age range of 21 to 65 years, a minimum of 2 years of work experience for salaried individuals, and 3 years of business experience for self-employed applicants. Processing fees may apply, while prepayment and foreclosure charges are usually waived, making it a flexible option for leveraging property to meet financial needs.